BlackBerry Ltd [NYSE: BB] gained 1.70% on the last trading session, reaching $2.39 price per share at the time.
If compared to the average trading volume of 8.42M shares, BB reached a trading volume of 8764305 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about BlackBerry Ltd [BB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BB shares is $3.53 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BB stock is a recommendation set at 2.44. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
CIBC have made an estimate for BlackBerry Ltd shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on June 27, 2024. While these analysts kept the previous recommendation, RBC Capital Mkts dropped their target price from $4.50 to $4. The new note on the price target was released on December 21, 2023, representing the official price target for BlackBerry Ltd stock. Previously, the target price had yet another raise from $4.20 to $6.50, while CIBC kept a Neutral rating on BB stock.
The Average True Range (ATR) for BlackBerry Ltd is set at 0.11, with the Price to Sales ratio for BB stock in the period of the last 12 months amounting to 2.26. The Price to Book ratio for the last quarter was 1.90, with the Price to Cash per share for the same quarter was set at 0.39.
Trading performance analysis for BB stock
BlackBerry Ltd [BB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.65. With this latest performance, BB shares dropped by -1.24% in over the last four-week period, additionally sinking by -14.34% over the last 6 months – not to mention a drop of -45.18% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BB stock in for the last two-week period is set at 54.56, with the RSI for the last a single of trading hit 61.72, and the three-weeks RSI is set at 50.61 for BlackBerry Ltd [BB]. The present Moving Average for the last 50 days of trading for this stock 2.39, while it was recorded at 2.31 for the last single week of trading, and 2.96 for the last 200 days.
BlackBerry Ltd [BB]: A deeper dive into fundamental analysis
BlackBerry Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.43 and a Current Ratio set at 1.43.
BlackBerry Ltd [BB]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, BlackBerry Ltd posted -0.05/share EPS, while the average EPS was predicted by analysts to be reported at -0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BB.
An analysis of Institutional ownership at BlackBerry Ltd [BB]
The top three institutional holders of BB stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in BB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in BB stock with ownership which is approximately 5.1238%.
